Topic: How To Invest

Power Growth Investor Hotline – Friday, October 22, 2021

Article Excerpt

PAGERDUTY, $41.99, is a buy. The company (symbol PD on New York) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations. PagerDuty has lots of room for expansion internationally. The company now generates only around 22% of its revenue outside of the U.S. In July 2021, as part of this global expansion, PagerDuty announced European service support for its customer base across Europe. When new customers sign up for PagerDuty, they now have a choice between either the U.S. service region, or the European service region. In Europe, PagerDuty’s primary hosting facility is based in Frankfurt, Germany. Now, as part of that European expansion, the company is opening an office in Lisbon, Portugal. The company expects to hire up to 100 high-skilled professionals in Lisbon by the end of 2022. They will include software engineers and developers as well as finance and operations specialists. Meantime, PagerDuty operates…